Peet_Serfontein

THA: building a base?

Long
JSE:THA   THARISA PLC
A price action above 1800 supports a bullish trend direction.
Further bullish confirmation for a break above 1900.
The target price is set at 2000 (just above its 50% Fibonacci retracement level).
The stop-loss is set at 1700.
MACD bullish crossover might support the trade idea (see the lower panel).
Trade idea is regarded as high risk.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.